Many Canadian couples will die with a net worth of more than $1-million, and it is important to properly plan for the distribution of this wealth. (more…)
Image courtesy of http://www.globeandmail.com.
Tim Cestnick from the Globe and Mail discusses the importance of talking to your children about their interest and desire to inherit property in a will or estate. (more…)
While a family cottage may provide timeless memories, it may also provide headaches to your loved ones if it is left behind in your will.
Did you know that cottage inheritance is one of the most emotional and conflict-ridden aspects of estate planning? (more…)
When planning for you estate, there are important considerations to make in passing down your cottage or vacation home. (more…)
In this Huffington Post blog Ian and Suzana Popovic-Montag outline the importance of keeping your will current with your life to avoid estate disputes.
ERAssure®, Canada’s only provider of executor liability insurance provides FREE Inheritance Planning Guides and Executor Guides to help in the process of both estate planning and estate administration.
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Even carefully drawn wills can become the subject of disputes and litigation. Having a poorly drafted will, or no will at all, increases those odds exponentially. Despite this, over 50 per cent of Canadians do not have their testamentary wishes written down in the form of a will.
The reasons for this vary depending on individuals but we often come across a similar set of excuses. For instance, young Canadians often feel that they have not amassed significant enough assets to warrant an estate plan. Some people also have will drafting very low on their priority list and the refrain of being too busy and not having enough time and/or resources is all too common. (more…)
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While executor insurance will protect the executor if they make an honest error, choosing your executor wisely is perhaps the best way to ensure that your legacy lives on as you intended. (more…)
“Wait…I’m the executor?!”
Ownership of joint accounts between parent and adult child may not be clear cut when one account holder dies. (more…)